Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Director Acquires $51,000.00 in Stock

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Director Richard D. Mcbee acquired 20,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were bought at an average price of $2.55 per share, for a total transaction of $51,000.00. Following the acquisition, the director now owns 205,608 shares in the company, valued at approximately $524,300.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sportsman’s Warehouse Stock Down 2.9 %

Shares of Sportsman’s Warehouse stock traded down $0.07 on Tuesday, hitting $2.38. 294,536 shares of the company traded hands, compared to its average volume of 464,484. Sportsman’s Warehouse Holdings, Inc. has a 12-month low of $1.81 and a 12-month high of $5.55. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.10. The company has a market cap of $90.08 million, a PE ratio of -2.82 and a beta of 0.67. The company has a 50-day moving average price of $2.23 and a 200 day moving average price of $2.85.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SPWH shares. Roth Mkm dropped their target price on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday. B. Riley cut their target price on shares of Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Robert W. Baird decreased their target price on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Roth Capital raised Sportsman’s Warehouse to a “strong-buy” rating in a research report on Monday, June 3rd. Finally, Lake Street Capital reduced their price objective on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Sportsman’s Warehouse presently has a consensus rating of “Hold” and a consensus price target of $2.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System bought a new position in Sportsman’s Warehouse during the first quarter valued at about $38,000. Point72 DIFC Ltd acquired a new position in Sportsman’s Warehouse during the second quarter valued at approximately $40,000. Virtu Financial LLC bought a new position in shares of Sportsman’s Warehouse in the first quarter valued at approximately $85,000. Quadrature Capital Ltd bought a new position in shares of Sportsman’s Warehouse in the fourth quarter valued at approximately $88,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Sportsman’s Warehouse in the second quarter worth $146,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

About Sportsman’s Warehouse

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.